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Oct 6, 2012
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enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the journal editorial report. i'm paul gigot. a big night in denver on wednesday, as president barack obama, and mitt romney met for the first presidential debate and the candidates sparred as you heard over taxes and the deficit as well as health care. wall street reform and the role of government. with mitt romney taking some sharp shots at the president's record these past four years. >> we're seeing right now is, in my view, a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams and that's not working the. proof of that is 23 million people out of
enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it's math, it's arithmetic. >> get the rates down, lower deductions and exemptions to create more jobs because there's nothing better for getting us to a balanced budget to have more people working, earning more money and paying taxes and that's by far the most effective and efficient way to get this budget balanced. >> paul: welcome to the...
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Oct 1, 2012
10/12
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who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not be enough time to do enough shots with enough intoxicated fans before voting starts in ohio tomorrow. so if his running mate is no use, how about a boost from the other person mitt's proposed to, his wife, ann. surely she can provide the comfort and confidence that mr. romney needs to fire up his bid for the presidency. >> my biggest concern obviously would just be for the -- his mental well-being. >> wait? what? mrs. romney, that's not helping. you better finish the thought. >> i have all the confidence in the world in his ability, in his decisiveness, in his leadership skills, in his understanding of the economy, in his understanding of what's missing right now in the economy, you know, the pieces that are missing to get this jump started. so for me i think it would be the emotional part of it. >> right. he's capable, decisive, and emotionally troubled? well, that is an october surprise. let's get right to our panel this afternoon. wit
who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not be enough time to do enough shots with enough intoxicated fans before voting starts in ohio tomorrow. so if his running mate is no use, how about a boost from the other person mitt's proposed to, his wife, ann. surely she can provide the comfort and confidence that mr. romney needs to fire up his bid for the presidency. >> my biggest concern...
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Oct 3, 2012
10/12
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it's going to be deficit neutral. you say you're going to close loopholes, deal with deductions, so let's talk about those deductions. you know, home mortgage deduction, charitable giving deduction, health care deduction. are you willing to tell the middle class -- >> tax deduction. >> are you willing to tell the middle class some of these are off the table? if you are, how do you pay for it? >> he's not going to. he has bucket, 17 grand. is that not good enough for you? >> that's the problem. if he starts getting specific like that, what the right wants to hear is not what 80% of the country wants to hear. that's the fundamental problem he has. >> the bar is pretty low for mr. romney. how does he get through the 90 minutes without any further problems? very quickly. >> i've been a big fan of the fact that mitt romney is the gift that keeps on giving. listen, if mitt romney doesn't produce a verbal or a physical gaffe tonight, then by and large, i think the republicans will probably say that he won. but, i think that
it's going to be deficit neutral. you say you're going to close loopholes, deal with deductions, so let's talk about those deductions. you know, home mortgage deduction, charitable giving deduction, health care deduction. are you willing to tell the middle class -- >> tax deduction. >> are you willing to tell the middle class some of these are off the table? if you are, how do you pay for it? >> he's not going to. he has bucket, 17 grand. is that not good enough for you?...
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Sep 30, 2012
09/12
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it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a trillion dollars. how can that the right? -- how can that be right? the average income of those folks is $8.4 million the year. -- per year. they do not need a tax cut. that what? -- guess what? middle-class families need a a hand up. they need a bit of help. [cheers and applause] a voted against extending the middle class tax cuts permanently. the voted against it. why? because they were holding it hostage to make sure they could continue the tax cuts i just mentioned. it almost sounds unbelievable. on top of the, how romney ha
it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a...
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Sep 28, 2012
09/12
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he says he will do three things, cut tax rates 20%, as you said, keep the budget deficit from getting larger, and protect the middle class from any tax increases. well, look, if you're going to cut taxes and you're going to be revenue neutral about it, that is not increase the budget deficit, that means somebody is going to have to pay more to offset the fact that somebody is paying less. >> and who is going to pay more? >> well, what mitt romney initially said was that we will just -- we'll get that from the top 1%. we'll get that from wealthy folks. well, that's where the arithmetic comes in. if you look at all of the deductions, you sum them all up, every single tax deduction going to those high-end folk, they don't make up the difference. it's not enough to offset the rate cuts. so you'd have to go to the middle class. >> okay. well, ryan and romney are fond of bragging about how they'll be tough on issues. once again we give you the candidate. >> we'll also take medicaid as well as housing and food stamps, we'll take the dollars that are going in those programs, return them to th
he says he will do three things, cut tax rates 20%, as you said, keep the budget deficit from getting larger, and protect the middle class from any tax increases. well, look, if you're going to cut taxes and you're going to be revenue neutral about it, that is not increase the budget deficit, that means somebody is going to have to pay more to offset the fact that somebody is paying less. >> and who is going to pay more? >> well, what mitt romney initially said was that we will just...
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Oct 5, 2012
10/12
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KRON
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. >> when he was asked what he would actually do to cut the deficit. he would eliminate funding for public television. (auidence b oos) >> that was his answer. finally, somebody is getting tough on big bird. it is about time. we did not know that the big bird was driving the federal deficit. >> and as far as public television they are happy that people can agree that everybody likes big bird. they continue to campaign today in virginia and cleveland. >> meantime, the vice presidential rrally was in a virginia. the end are a are both and deaf --the nra are both endorsing the from the ticket. >> i got a chance to cut through the average campaign and instead riss-- the next persovice-presidential debate will be in new york october 16th. we also have a voice presidential debate with paul ryan. we will have live coverage of that go to our new channel. comcast 193 for the latest news, weather and traffic updates and to watch all the presidential speeches. uninterrupted. and on digital 4.2. sometimes, speeches. uninterrupted. and on digital 4.2. sometimes, if
. >> when he was asked what he would actually do to cut the deficit. he would eliminate funding for public television. (auidence b oos) >> that was his answer. finally, somebody is getting tough on big bird. it is about time. we did not know that the big bird was driving the federal deficit. >> and as far as public television they are happy that people can agree that everybody likes big bird. they continue to campaign today in virginia and cleveland. >> meantime, the...
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Oct 6, 2012
10/12
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you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for them? >> they are backing away from the edge. there is no question that this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. a lot of folks in his party would have backed away from him. this puts him back in the game, it restores confidence among other people running for the house and senate this year who are now happy to be seen with him. it gives them a real boost when they desperately need it. he still has problems and a lot of swing states. this puts them
you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for...
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Oct 3, 2012
10/12
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it does not do anything if the deficit we have had. you give the bigger growth to the federal government. we have to have policies that provide the certainty to the private sector, the policies that enable them to grow. again, this is not saying we don't need any regulation but we need to have smart regulations. in california dairy year 2011, 71,000 pages of new regulations were institutessed. the people in the coal industry, when you look at what has happened to them when we could not get cap and trade moved through they are getting decimated. we have to have a vision like ronald reagan said, talking about a new dawn for this american economy. >>neil: congressman, you are among those who were brought in, in the republican avalanche that brought in 83 republicans and that tipped the house of representatives to the republicans and made john boehner speaker. you are in a race if your life with an ad everyone is talking about. the fact of the matter is, republicans seem to not have quite that same wind behind their back. they might get it
it does not do anything if the deficit we have had. you give the bigger growth to the federal government. we have to have policies that provide the certainty to the private sector, the policies that enable them to grow. again, this is not saying we don't need any regulation but we need to have smart regulations. in california dairy year 2011, 71,000 pages of new regulations were institutessed. the people in the coal industry, when you look at what has happened to them when we could not get cap...
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Oct 4, 2012
10/12
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. >> the only way to meet governor romney's pledge of not reducing the deficit or not adding to the deficit is by burdening middle class families, the average middle class family with children would pay $2,000 more. >> others have estimated the total value of the tax cuts would be some $5 trillion over ten years. governor romney says he will keep it deficit neutral and pledges there is one thing he won't do no matter what. >> i will not under any circumstances, raise taxes on middle income families. i will lower taxes on middle income families. now, you kite a study. there is six other studies that looked at the study you described and say it's completely wrong. >> the president based his assertion about a $2,000 tax increase on a study by the tax policy center which had exempted some tax deductions from any cuts in its analysis. then it concluded the plan could only be deficit neutral with a tax hike on the middle class and obama ads are hammering away. >> why won't obama level with us about the tax plans. >> the tax policy center, however, later changed its assessment. it said if romney p
. >> the only way to meet governor romney's pledge of not reducing the deficit or not adding to the deficit is by burdening middle class families, the average middle class family with children would pay $2,000 more. >> others have estimated the total value of the tax cuts would be some $5 trillion over ten years. governor romney says he will keep it deficit neutral and pledges there is one thing he won't do no matter what. >> i will not under any circumstances, raise taxes on...
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Oct 6, 2012
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one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. 29%
one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries....
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Oct 5, 2012
10/12
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who knew that he was responsible for all these deficits. elmo's got to watch out. >> and vice president joe biden was campaigning in iowa saying that mitt romney flip-flopped on his own tax cut plan that was the center piece of the gop campaign and biden challenged the republicans on the tax issue. >> you know the phrase they always use, "obama and biden want to raise taxes by $1 trillion. guess what? yes, we do in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have the bear the burden of all that money going to the super wealthy. that's not a tax raise. that's called fairness where i come from. >> and last night on "politics nation," jared bernstein explained to al sharpton that the math in mitt romney's tax plan doesn't add up. >> if you're going to cut taxes 20% across the board, which is mitt romney's plan, you're going to blow a $5 trillion hole over ten years in the government's revenue. now, what governor romney says is i can make that up by closing tax expenditures and loopholes, but there's t
who knew that he was responsible for all these deficits. elmo's got to watch out. >> and vice president joe biden was campaigning in iowa saying that mitt romney flip-flopped on his own tax cut plan that was the center piece of the gop campaign and biden challenged the republicans on the tax issue. >> you know the phrase they always use, "obama and biden want to raise taxes by $1 trillion. guess what? yes, we do in one regard. we want to let that $1 trillion tax cut expire so...
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Sep 29, 2012
09/12
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electorate like new hampshire is very independent minded, very flinty, cares a great deal about the deficit and taxes, even there he hasn't gained any advantage, despite being associated with the ryan plan. >> dante, if governor romney comes out big wednesday, if there's some big, bold new policy introduced at the debate in denver, how does that play? >> it may give romney a second chance. i think romney really needs to have a clear victory next week to throw new hampshire back into the mix. i mean, certainly, there is still some volatility here. no one's saying it's over here in new hampshire, but i think the thing is, new hampshire's behaving just like it did four years ago. nothing in the past four years has changed new hampshire's essential character as this democratic-leaning bellwether. >> last question here, ten seconds. we know that the state has been inundated with tv and web ads, obviously. talk to me really quickly about the ground game for governor romney. how would you characterize the governor's ground game in new hampshire? >> you know, it's somewhat -- it compares to obama,
electorate like new hampshire is very independent minded, very flinty, cares a great deal about the deficit and taxes, even there he hasn't gained any advantage, despite being associated with the ryan plan. >> dante, if governor romney comes out big wednesday, if there's some big, bold new policy introduced at the debate in denver, how does that play? >> it may give romney a second chance. i think romney really needs to have a clear victory next week to throw new hampshire back into...
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Oct 4, 2012
10/12
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the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2 trillion over the next ten years. so, i mean, big bird is a big diversion to what he's really talking about in terms of the deficit. >> well, i think those of us out here crave specifics from governor romney. and when he's talked about this in the past, he's often thrown big bird under the bus. i don't know what would happen if he threw big bird under the bass. maybe the bus would go off the road. but never the let's, he has this little set piece he does. do you want to know what i'll cut? i'll cut pbs and big bird, the national endowment of humanities and the amtrak subsid
the federal subsidy for pbs in 2012 doesn't make up a huge part of this deficit. for example, 2012, the federal subsidy for pbs was $444 million. if you compare that to romney's plan for the federal budget, you'll see how miniscule it is. pbs subsidy, $444 million. but if you look at the tax breaks to oil and gas companies that romney defended last night, those add up to $4 billion this year alone. and take a look at mitt romney's plan for the defense budget. he wants to increase spending by $2...
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Oct 2, 2012
10/12
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sadly to me is the fact that the president goes on tv the other day and says, well, the debt and the deficit in the country, now, that's a problem in the long term, but it's not a short-term problem. the truth the average american understands the truth. the american government can't spend itself rich just like the american family want spend itself rich. if just the debt is a long-term problem, if you wait till the long term, the kinds of changes you'll have to make, the kind of cuts, the kind of cracking-down are unbelievable by the standards that if we deal with this today it is not that big a deal. >> greta: governor, they're not even working on it. i mean, nothing is being done by anybody to work on it. absolutely zero. >> in all fairness, nothing has been done by barack obama. i mean, barack obama hasn't introduced a budget in three years that a democrat would vote for, but paul ryan has. >> greta: if i were a republican right now, i'd be here in washington, saying where's the president? >> but paul ryan has produced budgets, and the democrats say these terrible draconian budgets -- unde
sadly to me is the fact that the president goes on tv the other day and says, well, the debt and the deficit in the country, now, that's a problem in the long term, but it's not a short-term problem. the truth the average american understands the truth. the american government can't spend itself rich just like the american family want spend itself rich. if just the debt is a long-term problem, if you wait till the long term, the kinds of changes you'll have to make, the kind of cuts, the kind...
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Oct 2, 2012
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it seems do-able on paper, but, remember, a a lot of daylight on deficit reduction between republicans and democrats such as would gets the tax cuts and what and how federal government should be cut. those are and will be pitched battles on capitol hill. >>neil: ahead the debate, we will just say our denver fans are out in force. they must have known i would be wearing body paint. they heard that neil cavuto is coming to town and boy do we have great debate coverage planned for them and all of you at 4:00 p.m. eastern. in florida, republican congressman west has been making news and we have former governor wilder, and former governor giuliani and former debt commission co-chair, alan simpson and sarah palin joining us, home depot founder, the democratic mayor of los angeles, as well. watch us. you can tivo bret baier. he is okay with it. the guy is a saint. a saint. anyway, bucking china in the buckeye state. telling companies to lay off the lay off notices five weeks ahead of the election. do you notice a pattern here? we do. you report. you decide. the world needs a broader mix of en
it seems do-able on paper, but, remember, a a lot of daylight on deficit reduction between republicans and democrats such as would gets the tax cuts and what and how federal government should be cut. those are and will be pitched battles on capitol hill. >>neil: ahead the debate, we will just say our denver fans are out in force. they must have known i would be wearing body paint. they heard that neil cavuto is coming to town and boy do we have great debate coverage planned for them and...
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Sep 30, 2012
09/12
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registered another 12 months of deficits. the federal deficit for the year will wind up being about $1.5 trillion. that runs up america's borrowing or the national debt to more than $16.5 trillion. >>> still ahead a trail bladeser in the president debate history. carol simpson on gender equality for debate monitoring. you're watching weekends with alex witt. complete multivitamin designed for women's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day 50+. share everything by turning your smartphone into a mobile hotspot for up to 8 wifi-enabled devices at no extra charge. like the new droid razr m by motorola only $99.99. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. >> let's talk about why does paul lieian's attitude toward debate prep suggest. how does it contrast with joe biden's? >> he's
registered another 12 months of deficits. the federal deficit for the year will wind up being about $1.5 trillion. that runs up america's borrowing or the national debt to more than $16.5 trillion. >>> still ahead a trail bladeser in the president debate history. carol simpson on gender equality for debate monitoring. you're watching weekends with alex witt. complete multivitamin designed for women's health concerns as we age. it has more of 7 antioxidants to support cell health. one a...
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Sep 28, 2012
09/12
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FBC
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one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more right after this. i know the name of eight princesses. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. pettus. >> you might not believe this but as a kid i would have to explain a bad grade to my parents. i came up with duties. one time i said this teacher was ridiculously tough. trying to make lemonade i remi
one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more right after this. i know the name of eight princesses. i'm an expert...
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that's the big driver of our deficits right now. my grandmother, some of you know, helped to raise me, and my grandparent did. my grandfather died a while back. my grandmother died three days before i was elected president. she was fiercely independent. only with a high school education, started as a secretary and ended up being vice president of a local bank. she ended up living alone by choice, and the reason she could be independent was because of social security and medicare. she had worked all her life, put in this money, and understood that there was a basic guarantee under which she could not go. that's the perspective i bring when i talk about what's called entitlements. the name implies some sort of dependency on the part of folk. these are folks that have worked hard, like my grandmother and millions are counting on this. my approach is to say how do we strengthen the system over the long term? in medicare, what we did, we said we are going to have to bring down the costs if we are going to deal with long-term deficits. to
that's the big driver of our deficits right now. my grandmother, some of you know, helped to raise me, and my grandparent did. my grandfather died a while back. my grandmother died three days before i was elected president. she was fiercely independent. only with a high school education, started as a secretary and ended up being vice president of a local bank. she ended up living alone by choice, and the reason she could be independent was because of social security and medicare. she had worked...
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Sep 30, 2012
09/12
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[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and half of it to rebuild america! [cheers and applause] roads, bridges, schools. that will support millions over time. initially, tens of thousands of new, good paying, decent jobs that you can raise a family on. folks, one more thing. in this country, we only have one truly sacred obligation. we have a lot of obligations to the elderly, to the young. we only have one truly sacred obligation. that is to equip and support those whom we sent to war and care for them when they come home from war. [cheers and applause] how many of you either have personally serve
[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and...
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Oct 4, 2012
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said you'd cut the deficit in half, it's now four years later, we have $1 trillion deficits, the cbo says we'll have a $1 trillion deficit each of the next four years. if you're re-elected, we'll get to a $1 trillion debt. and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to get closer to a balanced budget, yet we still show $1 trillion deficits every year. that doesn't get the job done. let me come back and say, why is it that i don't want to raise taxes. well, i don't want to raise taxes on people. and you said it back in 2010. you said, i'm going to extend the tax policies that we have. i'm not going to raise taxes on anyone, because when the economy is growing slow like this, when we're in recession, you shouldn't raise taxes on anyone. well, the economy is still growing slow. as a matter of fact, it's growing much more slowly now than when you made that statement. so if you believe the same thing, you just don't want to raise taxes on people, and the reality is, it's not just wealthy people. you mentioned donald trump. it's not just donald trump you're t
said you'd cut the deficit in half, it's now four years later, we have $1 trillion deficits, the cbo says we'll have a $1 trillion deficit each of the next four years. if you're re-elected, we'll get to a $1 trillion debt. and i love this idea of $4 trillion in cuts. you found $4 trillion of ways to get closer to a balanced budget, yet we still show $1 trillion deficits every year. that doesn't get the job done. let me come back and say, why is it that i don't want to raise taxes. well, i don't...
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Oct 4, 2012
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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Oct 1, 2012
10/12
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we have this huge deficit. we have crumbling infrastructure in america, we have huge problems here, and we're a lot safer today on the afghanistan/pakistan border because of the drones. you know, it's not just that bin laden is gone. al qaeda's greatly, greatly weakened in that part of the world, so we're a lot stronger today than we were -- a lot safer from al qaeda than we were five years ago, ten years ago. so it's not that nothing has been accomplished, but having more troops stay there and try to win over the hearts and minds of the various tribes, it's tough in iraq, but it's even tougher in afghanistan. i think the president's done the rite thing, a clear deadline and we're getting out. >> to take you back home with the election coming up, what is your understanding of what the president would do in a second term to deal with the fiscal cliff and to help create jobs? >> i think you're going to see real leadership from the president from the get-go from the day after the election. i think that he believes
we have this huge deficit. we have crumbling infrastructure in america, we have huge problems here, and we're a lot safer today on the afghanistan/pakistan border because of the drones. you know, it's not just that bin laden is gone. al qaeda's greatly, greatly weakened in that part of the world, so we're a lot stronger today than we were -- a lot safer from al qaeda than we were five years ago, ten years ago. so it's not that nothing has been accomplished, but having more troops stay there and...
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Oct 5, 2012
10/12
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FOXNEWS
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can't defend the failed policies that have been implemented that have added so greatly to our debt, the deficit spending, the broken promises, unemployment numbers, the allies on the international stage who are now confused and more distrustful of america. all the problems that have been created in the last four years, his failed policies leading to those problems. he couldn't defend them. so he was lost in having a strong, core conviction about why he should be elected. he didn't have a trel prompter in front of him and he didn't have the filter of the liberal media, precking him and coddling him and ushering him through a debate, a venue that he is so used to, so the reality that really hit home for all of those millions of viewers. >> greta: i can't imagine -- even the people who were most critical of him, who are his most passionate supporters, i can't imagine, even though they thought he did a lousy job at the debate, that's my word, not theirs, but they have harsh words for him. they are still going to vote for it -- for him. how do you measure whether or not it had an impact on the indec
can't defend the failed policies that have been implemented that have added so greatly to our debt, the deficit spending, the broken promises, unemployment numbers, the allies on the international stage who are now confused and more distrustful of america. all the problems that have been created in the last four years, his failed policies leading to those problems. he couldn't defend them. so he was lost in having a strong, core conviction about why he should be elected. he didn't have a trel...
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Oct 4, 2012
10/12
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no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about $3,600. the reason is, i believe we do best when the middle class does well. and by giving them those tax ts, they have a little more money in their pocket so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a computer for their kid who is going off to college. it means they are spending more money, businesses have more profits and then hire more workers. now governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cu
no tax cut that adds to the deficit. i want to reduce the burden being paid by middle income americans. to do that, that also means i cannot reduce the burden paid by high-income americans. any language to the contrary is not accurate. >> let's talk about taxes, because i think it is instructive. four years ago when i stood on this stage i said i would cut taxes for middle class families. that's exactly what i did. we cut taxes for middle class families by about $33,600. -- by about...
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Oct 4, 2012
10/12
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no tax cuts as to the deficit. but i do want to reduce the burden being paid by middle income americans. to do that that means i cannot reduce the burden paid by high income americans. any language to the contrary simply not accurate. >> moderator: mr. president. obama: let's talk about taxes because they think it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families and that's exactly what i did. we cut taxes for middle-class families by about $3600. and the reason is because i believe that we do best when the middle class is doing well. and by giving them those taxes, they have a little more money in their pocket, so maybe they can bite in your car. they are certainly a better position to weather the extraordinary recession we went through. they can buy a computer for the kid going to college. they can spend my money, business have more profits and hire more workers. now, governor promised proposal that has been promoted for 18 months calls for a $5 tril
no tax cuts as to the deficit. but i do want to reduce the burden being paid by middle income americans. to do that that means i cannot reduce the burden paid by high income americans. any language to the contrary simply not accurate. >> moderator: mr. president. obama: let's talk about taxes because they think it is instructive. four years ago when i stood on the stage, i said that i would cut taxes for middle-class families and that's exactly what i did. we cut taxes for middle-class...
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no tax cut that adds to the deficit. but i do want to reduce the burden being paid by middle-income americans. and to do that that also means i cannot reduce the burden paid by high-income americans. so any language to the contrary is simply not accurate. >> mr. president? >> well, i think what -- let's talk about taxes because i think it's instructive. now, four years ago when i stood on this stage i said that i would cut taxes for middle-class families. and that's exactly what i did. we cut taxes for middle-class families by about $3,600. and the reason is because i believe that we do best when the middle class is doing well. and by giving them those tax cuts they had a little more money in their pocket. so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. maybe they can buy a computer for their kid who's going off to college. which means they're spending more money, businesses have more customers, businesses make more profits, and then hire mo
no tax cut that adds to the deficit. but i do want to reduce the burden being paid by middle-income americans. and to do that that also means i cannot reduce the burden paid by high-income americans. so any language to the contrary is simply not accurate. >> mr. president? >> well, i think what -- let's talk about taxes because i think it's instructive. now, four years ago when i stood on this stage i said that i would cut taxes for middle-class families. and that's exactly what i...
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social security hasn't contributed one nick toel to th deficit. can pay out benefits for the next 21 years. the president should be saying now what he said four years ago. he will not cut social security while romney and ryan certainly are. >> now, senator, one thing that i think is puzzling democrats and supporters of the president, as well, today is both men had a chance at closing arguments last night. that is one of the things that they knew was coming their direction. listen in part to what president obama had to say. >> four years ago, i said that i'm not a perfect man and i wouldn't be a perfect president and that is a promise that governor romney thinks i kept. >> why specifically point out the flaws? was that a good choice? >> well, i think not. i mean, i think -- here's what i think the position of the president should be. look, everybody knows the economy is in a lot of trouble today. we all know that. everybody knows that the rich are getting much richer and the middle class is shrinking and poverty and that is the simple truth. but wh
social security hasn't contributed one nick toel to th deficit. can pay out benefits for the next 21 years. the president should be saying now what he said four years ago. he will not cut social security while romney and ryan certainly are. >> now, senator, one thing that i think is puzzling democrats and supporters of the president, as well, today is both men had a chance at closing arguments last night. that is one of the things that they knew was coming their direction. listen in part...
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Oct 5, 2012
10/12
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WBAL
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who knew that he was responsible for all these deficits. elmo's got to watch out. >> and vice president joe biden was campaigning in iowa saying that mitt romney flip-flopped on his own tax cut plan that was the center piece of the gop campaign and biden challenged the republicans on the tax issue. >> you know the phrase he always used, obama and biden want to raise taxes by $8 trillion. guess what, yes, we do, in one regard, we want to let that trillion dollar tax cut expire so the middle class doesn't have to bear the burden of all that money going to the super wealthy. that's not a tax rate, that's called fairness where i come from. >> all right. so how will today's monthly jobs report impact the candidates? economists predict the unemployment rate could tick up from 8.1 to 8.2%. that could be bad news forpresident obama. nbc's brian mooar has the latest. >> even if it's not great news today, it probably could be worse. >> reporter: today's jobs report is the second to the last before election day. it is a critical snapshot of an economy
who knew that he was responsible for all these deficits. elmo's got to watch out. >> and vice president joe biden was campaigning in iowa saying that mitt romney flip-flopped on his own tax cut plan that was the center piece of the gop campaign and biden challenged the republicans on the tax issue. >> you know the phrase he always used, obama and biden want to raise taxes by $8 trillion. guess what, yes, we do, in one regard, we want to let that trillion dollar tax cut expire so the...